Mr. Scott Lendrum reports
GIGA METALS COMPLETES NON-BROKERED PRIVATE PLACEMENT
Giga Metals Corp. has completed the non-brokered private placement previously announced (July 17, 2025).
The company closed 3,675,000 units at eight cents per non-flow-through unit for gross proceeds of $294,000 and 4,404,595 flow-through units for gross proceeds of $396,414. Each non-flow unit and flow-through unit consists of one share and one share purchase warrant. Each full warrant is exercisable at 11 cents for three years, expiring July 30, 2028, Aug. 13, 2028, and Aug. 28, 2028, respectively. The securities issued have a hold period expiring four months plus one day after issuance, being Nov. 1, 2025, Dec. 14, 2025, and Dec. 29, 2025, respectively.
No control blocks were created as a result of the private placement.
Proceeds of the private placement will be used for general corporate purposes and the company's exploration program.
Finders' fees were paid on 5,576,818 units for a total of $33,838 in cash plus a total of 390,377 finders' warrants. Each finder's warrant is exercisable into one share at a price of eight cents for a period of three years, expiring July 30, 2028, and Aug. 13, 2028, respectively.
About Giga Metals Corp.
Giga Metals' core asset is the Turnagain project, located in Northern British Columbia, which contains one of the few significant undeveloped sulphide nickel and cobalt resources in the world. Turnagain is held in Hard Creek Nickel, a subsidiary owned 85 per cent by Giga Metals and 15 per cent by Mitsubishi Corp. The prefeasibility study was released in October, 2023.
We seek Safe Harbor.
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